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Investment signal

$65,000

1B - 1102 CENTRE STREET

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Beds

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Baths

Sqft

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Year

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Type

Business

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Vaughan (Beverley Glen). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

An incredible opportunity to own a turnkey hair salon business in a prime location, within a high traffic plaza in Thornhill, near Dufferin and Centre. The salon is fully renovated with a unique modern touch and high quality furniture and equipment. The main level features 7 hairstyling chairs, 2 custom made massage hair washing sinks, a large color bar with granite counters, a sink, and two mini fridges, a stackable washer and dryer, a wheelchair accessible bathroom, and a welcoming reception area. The lower-level features 3 private rooms where other beauty and aesthetic services can be offered, ample storage, an additional bathroom, and 2 owned hot water tanks. Over $100K Spent in improvements and upgrades. Currently the salon generates rental income from chair and room rentals. This is an asset sale including all furniture, equipment, inventory, and a Lease takeover. All staff is willing to remain on board on a chair/room rental basis. Long term lease in place, only $5,500/m taxes in. The unit is surrounded by anchor businesses, and the plaza offers ample parking. Separate entrance to the lower level is available from rear of unit. (id:65958)

Subtype: Business
Community: Beverley Glen
Living area: 2,058 square feet
Lot dimensions: Unit=20 x 51.45 FT
On market: Apr 24, 2026
Status changed: Apr 24, 2026
Annual tax: $0
Zoning: Commercial
Photos: 32
MLS#: N13041586
Area: VAUGHAN_(BEVERLEY_GLEN)

Features and systems

Appliances

FurnitureWater Heater

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Positive cash flow ~$1,825/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

168.51%

Cap rate

38.57%

GRM

2.3

Break-even rent

$478

Financing

Down payment$13,000

Loan amount$52,000

Mortgage$263/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$30

Insurance$80

Maintenance$54

CapEx reserve$27

Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $263/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.